$61.5M Giordano's Sale Ends Food Fight

Law360, New York (November 18, 2011, 7:30 PM EST) -- An Illinois bankruptcy judge on Friday approved the sale of the assets of Giordano’s Enterprises Inc. to two private equity firms for a total of $61.5 million, ending a protracted battle over whether the pizza chain’s owners had been tricked into filing for bankruptcy.

VPC Pizza Holdings LLC, a company formed by distressed private debt and equity investment firm Victory Park Capital, bought GEI's restaurant assets for $35.5 million and the flagship restaurant in Chicago for $16 million in an auction on Tuesday. Origin Capital Partners...